IIGJ UDUPI TO PARTICIPATE IN LIVE INTERACTION WITH HON’BLE PRIME MINISTER ON PM VISHWAKARMA SCHEME ANNIVERSARY: GJEPC

Introduction of GJEPC as Implementing Agency

On 14th March 2024, GJEPC signed an MoU with the Ministry of Skill Development and Entrepreneurship (MSDE), appointing GJEPC as the implementing agency for imparting goldsmith training under the PM Vishwakarma Scheme. Since then, GJEPC has commenced training initiatives at IIGJ Jaipur and IIGJ Udupi.

IIGJ Udupi’s Selection and Achievements

IIGJ Udupi has been selected to represent the region at this prestigious event due to its excellence in training artisans in the jewellery sector. Since April 2024, IIGJ Udupi has trained 338 students, including 207 participants under the PM Vishwakarma scheme. During the same period, IIGJ Jaipur has trained 169 students, with 85 enrolled under the PM Vishwakarma scheme.

Overview of the PM Vishwakarma Scheme

The PM Vishwakarma scheme aims to transform traditional crafts in India by empowering artisans. It offers a comprehensive benefits package, including skill training, tool kits, and financial assistance.

Focus on Artisans’ Business Growth

At the core of the Vishwakarma scheme is a focus on both skilling artisans and scaling up their businesses. The government provides tools and resources to help artisans compete globally.

Collaborative Implementation by Government Ministries

The scheme is being implemented by the Ministry of Micro, Small and Medium Enterprises (MoMSME), the Ministry of Skill Development and Entrepreneurship (MSDE), and the Department of Financial Services (DFS).

GJEPC’s Statement on the Initiative

Vipul Shah, Chairman of GJEPC, said, “The PM Vishwakarma scheme is a transformative initiative for India’s gem and jewellery artisans. By providing comprehensive support for skill development, financial assistance, and market access, the scheme empowers artisans to realise their full potential and contribute to the nation’s economic growth. IIGJ Udupi, as one of the leading training institutions selected for interaction by Hon’ble PM, plays a vital role in nurturing the next generation of skilled artisans and preserving our rich cultural heritage.”

Key Benefits for Artisans under the Scheme

The scheme begins with registration. After registering, artisans undergo rigorous skill training to improve their expertise and stay updated with modern techniques. The government will provide a ₹15,000 tool kit to support their craft.

Loan Scheme for Artisans

To address financial challenges, the government introduced a loan scheme. Artisans can access collateral-free loans of ₹1 lakh (first tranche with 18-month repayment) and ₹2 lakh (second tranche with 30-month repayment). A 5% concessional interest rate applies, with MoMSME covering the remaining 8%.

About The Gem and Jewellery Export Promotion Council (GJEPC):

The Gem & Jewellery Export Promotion Council (GJEPC), established by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) set up to boost India’s export efforts. Since 1998, GJEPC has operated autonomously, representing 10,000+ members in the sector. With headquarters in Mumbai and regional offices in New Delhi, Kolkata, Chennai, Surat, and Jaipur, GJEPC serves as the apex body for the industry. Over the years, GJEPC has actively expanded its reach and services to promote the sector’s growth globally.